1. K E Y N O T E
INSTITUTIONAL RESEARCH
India Morning Note
Monday, December 12, 2011
Domestic Markets Snapshot Views on markets today
Name of Index Dec 8 Dec 9 Change (%)
• Indian markets extended losses to the second day and
Sensex 16,488.24 16,213.46 -1.67%
closed lower on Friday as concerns over a slowdown in
CNX Nifty 4,943.65 4,866.70 -1.56%
the economy intensified after the finance ministry cut
BSE Mid-cap 5,669.70 5,620.85 -0.86% the country's growth forecast for the current fiscal
BSE IT 5,782.01 5,733.49 -0.84% year. As worries over economic growth weighed on
BSE Banks 10,266.84 10,157.05 -1.07% some optimism created by European markets which
recovered from early trading lows after European
FII Activity (`Cr)
leaders agreed to send €200bn to IMF to fight the
Date Buy Sell Net Eurozone crisis. European Union summit failed to
8-Dec 2,210 2,014 196 secure the full backing of the 27 nations for treaty
7-Dec 2,842 2,763 79 changes, 23 out of 27 members agreed to form a new
Total Dec 11,574 9,470 2104
fiscal compact and signaled they would provide extra
financial support to troubled members of the region.
2011 YTD 580,018 580,860 -841
All sectoral indices closed on negative note with
MF Activity (`Cr) capital goods, auto, oil & gas and power stocks were
major losers. Auto stocks dropped, after the Society of
Date Buy Sell Net
Indian Automobile Manufacturers (SIAM) predicted that
8-Dec 341 561 -221
the growth of passenger car sales would witness a
7-Dec 497 425 72
further fall, the third time in a row, this fiscal.
Total Dec 2207 2352 -145 Kingfisher Airlines fell 3.82% after a tax official said
2011 YTD 124,433 119,130 5303 the authorities had frozen 11 of the carrier's bank
accounts for failure to pay service tax dues. While
Volume & Advances / Declines
Geojit BNP Financial Services ended 6.15% up after
NSE BSE French lender BNP Paribas agreed to pay `405mn to
Trading Volume (`Cr) 9952 1898 buy out its Indian institutional broking business.
Advances 435 1040 • Market breath was week at ~0.63x as investors sold
Declines 1028 1648 large cap stocks. FIIs sold equity worth `2.48bn while
Unchanged 70 160 domestic investors bought equity worth `1.15bn.
Total 1533 2848 • Asia markets rose on Monday, with exporters and
Global Markets technology firms notable gainers, after U.S. investors
welcomed the latest agreement reached by European
Index Latest Values Change (%) leaders on steps to stem the region’s debt crisis.
DJIA 11,997.70 -1.6%
• We expect a positive but cautious opening for the
NASDAQ 2,596.38 0.0% Indian markets today following the cues from the
Nikkei * 8,536.46 -1.5% Asian markets but investors keeping eye on the IIP
Hang Seng * 18,586.23 -2.7% numbers today.
* as of 8.25AM IST Key Events
Currencies / Commodities Snapshot Index of Industrial Production
Latest Previous Economic and Corporate Developments
Quote Close
• Data released by real estate research firm Liases
Indian Rupee per $ 52.05 51.76
Foras for Delhi, Mumbai and Bangalore indicates this
Indian Rupee per € 69.81 69.07
trend. Bangalore, for instance, considered one of
NYMEX Crude Oil($/bbl) 99.36 99.41 India’s fastest growing and most crowded metros,
Gold ($/oz) 1708.2 1712.8 shows a 21 per cent drop in residential area sold in
Silver ($/oz) 31.7 32.17 April-September, compared to last year.
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2. K E Y N O T E
INSTITUTIONAL RESEARCH
TOP GAINERS Buzzing Stocks
(BSE A-Group)
• Rane Group is aiming at doubling its current
Previous Current Change
Company Name turnover to become a $1bn company in the next five
Close (`) Price (`) (%)
Opto Circuits 194.60 205.15 5.42 years through accelerated growth strategies.
HPCL 287.30 293.65 2.21 • Coal India, which is grappling with meeting
Petronet LNG 156.45 158.90 1.57
production targets, plans to install GPS-based
movement tracking system to increase output in its
Aditya Birla Nuv 901.45 915.50 1.56
major mines.
Indian Oil Corp 266.30 270.10 1.43
• Maruti Suzuki India expects to complete land
(BSE Mid-Cap) acquisition for a plant in Gujarat in a month but has
Previous Current Change no immediate plan to start construction work there,
Company Name a company official said.
Close(`) Price(`) (%)
Glodyne Tech 251.85 266.65 5.88 • As inflation remains sticky and pricing power limited,
Opto Circuits 194.60 205.15 5.42 fast moving consumer goods (FMCG) companies are
Bombay Rayon 234.10 245.70 4.96 adopting various measures to protect margins. This
VAARAD 35.50 37.25 4.93 includes input substitution, overhead management,
rationalising personnel — all aimed at reining in
Strides Arco 413.70 428.95 3.69
expenditure.
TOP LOSERS • Gail India has shown interest to make Orissa a
partner in setting up of a gas-based power project in
(BSE A-Group) the state, informed T Ramachandru, industry
Previous Current Change secretary, Orissa government.
Company Name
Close(`) Price(`) (%)
• GAIL India signed an agreement to buy 3.5mn
Dish TV India 64.80 61.10 -5.71
tonnes a year of Liquefied Natural Gas LNG for 20
Jet Air India 250.05 235.80 -5.70 years from a US firm to meet India's growing energy
SAIL 87.65 83.20 -5.08 needs.
CESC 242.00 229.75 -5.06
Educomp Sol 213.60 202.85 -5.03
US markets
(BSE Mid-Cap)
Previous Current Change U.S. stocks closed higher on Friday, with the three
Company Name
Close(`) Price(`) (%) benchmark indexes scoring gains for the week, as
Gujarat Pipavav 58.55 54.60 -6.75 European leaders agreed to closer fiscal ties and U.S.
Dewan Housing 217.45 203.05 -6.62 consumer confidence hit a six-month high.
KSK Energy 50.20 47.10 -6.18
BGR Energy 252.65 237.35 -6.06 The Dow Jones Industrial Average rose 186.56 points, or
Dish TV India 64.80 61.10 -5.71 1.6%, to finish at 12,184.26. The S&P 500 Index added
20.84 points, or 1.7%, to 1,255.19. The Nasdaq
Composite advanced 50.47 points, or 1.9%, to
2,646.85.
Keynote Capitals Institutional Research (research@keynoteindia.net) (+9122-30266000)

3. K E Y N O T E
INSTIT UT IONAL R ES EAR C H
India and Global Economic Calendar
Countries / Monday Wednesday Thursday Friday
Regions Dec. 12 Dec. 14 Dec. 15 Dec. 16
India IIP Data Monthly Inflation Weekly Inflation Data Forex Reserves Data
Weekly Supplement of
RBI
US Federal Budget
Consumer Price Index
Producer price index Ex Food & Energy (YoY
& MoM)
Consumer Price Index
Current Account
(MoM)
Net long term treasury
International capital
Industrial production
Philadelphia Fed
Manufacturing Survey
Global
Japan Industrial Canada Foreign
Hungary- Industrial
Production data and Investments in Canadian
output
Manufacturing Index securities
UK Unemployment Rate
Switzerland- Industrial
and Average Earning
production
growth rate
Germany- Purchasing
Managers Index
Manufacturing
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